Is Buying Expeditors International of Washington, Inc. (EXPD) Here a Winning Strategy?

June 13, 2018 - By James Guidry

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Logo

Investors sentiment increased to 0.94 in Q1 2018. Its up 0.02, from 0.92 in 2017Q4. It increased, as 33 investors sold Expeditors International of Washington, Inc. shares while 175 reduced holdings. 49 funds opened positions while 147 raised stakes. 155.04 million shares or 0.64% more from 154.06 million shares in 2017Q4 were reported.
Vident Advisory Lc invested 0.02% in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Gideon Capital Advsrs has 0.15% invested in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 3,777 shares. Fjarde Ap holds 0.06% in Expeditors International of Washington, Inc. (NASDAQ:EXPD) or 58,156 shares. Daniel Devine And Company owns 10,795 shares. Jefferies Gp Ltd Limited Liability Company holds 9,854 shares. Cubist Systematic Strategies Lc holds 0.03% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 7,192 shares. Raymond James Associates stated it has 186,789 shares or 0.02% of all its holdings. Baldwin Brothers Ma accumulated 1,645 shares. Long Road Invest Counsel Limited Company invested in 1.85% or 41,800 shares. Moreover, Us Savings Bank De has 0.05% invested in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 247,641 shares. Smithfield Communication has 0.06% invested in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 7,592 shares. Wetherby Asset Management Inc has 0.06% invested in Expeditors International of Washington, Inc. (NASDAQ:EXPD). 798,047 are held by Sawgrass Asset Management Lc. Cwm Limited Co stated it has 1.04% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Schroder Invest Management Gp holds 87,289 shares.

Since February 26, 2018, it had 0 insider purchases, and 9 sales for $3.14 million activity. COUGHLIN PHILIP M had sold 5,463 shares worth $350,888 on Friday, March 9. McClincy Christopher J. sold $180,246 worth of stock or 2,781 shares. The insider ALGER EUGENE K sold $500,067. $137,937 worth of Expeditors International of Washington, Inc. (NASDAQ:EXPD) was sold by Musser Jeffrey S on Monday, February 26. $290,925 worth of Expeditors International of Washington, Inc. (NASDAQ:EXPD) was sold by Rostan Richard H on Friday, March 9. 6,000 shares were sold by Emmert Mark A, worth $388,320.

The stock of Expeditors International of Washington, Inc. (NASDAQ:EXPD) hit a new 52-week high and has $82.96 target or 7.00 % above today’s $77.54 share price. The 6 months bullish chart indicates low risk for the $13.54B company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $82.96 price target is reached, the company will be worth $948.08M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.63% or $0.495 during the last trading session, reaching $77.535. About 650,920 shares traded. Expeditors International of Washington, Inc. (NASDAQ:EXPD) has risen 38.58% since June 13, 2017 and is uptrending. It has outperformed by 26.01% the S&P500.

Analysts await Expeditors International of Washington, Inc. (NASDAQ:EXPD) to report earnings on August, 14. They expect $0.76 earnings per share, up 26.67 % or $0.16 from last year’s $0.6 per share. EXPD’s profit will be $132.76M for 25.50 P/E if the $0.76 EPS becomes a reality. After $0.76 actual earnings per share reported by Expeditors International of Washington, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Ratings Coverage

Among 8 analysts covering Expeditors International (NASDAQ:EXPD), 1 have Buy rating, 2 Sell and 5 Hold. Therefore 13% are positive. Expeditors International has $76 highest and $55 lowest target. $67.13’s average target is -13.42% below currents $77.535 stock price. Expeditors International had 11 analyst reports since January 8, 2018 according to SRatingsIntel. The stock of Expeditors International of Washington, Inc. (NASDAQ:EXPD) has “Hold” rating given on Monday, January 8 by Stephens. On Monday, June 4 the stock rating was maintained by Robert W. Baird with “Neutral”. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, February 21. Credit Suisse maintained the shares of EXPD in report on Wednesday, May 9 with “Underperform” rating. Credit Suisse maintained the shares of EXPD in report on Wednesday, February 21 with “Underperform” rating. On Wednesday, February 21 the stock rating was maintained by Cowen & Co with “Hold”. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, February 26. UBS maintained it with “Sell” rating and $60 target in Wednesday, February 21 report. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, May 9. On Thursday, January 18 the stock rating was maintained by Stifel Nicolaus with “Hold”.

Expeditors International of Washington, Inc. provides logistics services. The company has market cap of $13.54 billion. The firm offers airfreight services, including air freight consolidation and forwarding; ocean freight and ocean services comprising ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, and other logistics solutions. It has a 28.82 P/E ratio. It acts as a freight consolidator or as an agent for the airline, which carries the shipment.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: